Tata Motors' announcement on Iveco Group in Turin
Date of the event:
On 3 November 2026, at an event held in Turin, Tata Motors' top executives announced that Iveco Group will continue to be headquartered in Turin, keeping "the distinctive identity of its brands, its people and its industrial presence". The announcement follows the completion of the acquisition of 89.42% of Iveco Group by India's Tata Motors through a public tender offer, which was formally concluded on 30 October 2026.[1][2]
The announcement
The Indian group's position was set out by Natarajan Chandrasekaran, chairman of Tata Sons and Tata Motors, and Girish Wagh, managing director and CEO of Tata Motors. The two executives confirmed that Iveco Group's headquarters will remain in Turin and that the company will keep its distinctive identity in terms of brands, people and industrial presence.[1][2]
Strategy after the acquisition
Chandrasekaran and Wagh stated that "Tata Motors will support Iveco Group's current strategy and investment plans, while the two organisations will work together to leverage their complementary strengths, build capabilities and create greater value for customers and stakeholders".[1][2]
The acquisition
Tata Motors' acquisition of 89.42% of Iveco Group was carried out through a public tender offer. Iveco Group's formal entry into the Tata group dates back to 30 October 2026.[1][2]
Related articles: Iveco
Sources
- ANSA Piemonte — 3 November 2026
- Quotidiano Piemontese — 3 November 2026